Dual Signatory Made Easy

Dual signatory

first of all we have to know that what is dual citizenship dual citizenship means that a person is a citizen of two countries at the same time having legal rights and obligations in connection with both countries dual citizenship is complex and it's important to understand the benefits and obligations here I discuss six advantages and disadvantages of dual citizenship list of advantages of dual citizenship one you get two passports it would be awesome to have passports for two countries because travelling could be easier for you in some cases you won't have to apply for long stay visas and go through a rigid screening process for the purpose of your trip you are guaranteed right of entry to both nations so it is easier to visit family do business or even go to school in either country too you can own property in either country in some nations property ownership is limited to citizens of that country and since you have citizenship you can buy real estate and other properties in either nation if you wish to retire in one of these places it is easier for you to buy a house where you can live more conveniently and more comfortably 3 you enjoy benefits and privileges offered by each country with dual citizenship you can receive the benefits and privileges from both nations so you could get to vote twice run for office in either country or have access to to healthcare or social service systems you can even work in either of these two nations without the need to apply for a working visa or study the why I enjoin tuition rates for citizens and now I discuss lists of disadvantages of dual citizenship one your security clearance may be questioned if you are hoping to work for the United States government in a job that requires access to sensitive information your dual citizenship could put you more at a disadvantage however those who were born into dual nationality may experience fewer problems as compared to those who actively applied for it too you have to pay double when it comes to taxes since you are bound by the laws of both countries then you will also have to pay your dues to both nations especially if you are gaining income in either one hopefully the taxation laws and treaties between different countries will improve in the near future but it would still be wise to consult with a reliable tax lawyer and tax accountant 3 you need to undergo a complicated process if a child is born in the United States to foreign parents that child automatically receives dual citizenship however if you wish to actively seek out dual nationality the process can be long and expensive for example a person who wants to become an American citizen has to live in the US as a permanent resident for five years continuously if you are married to a u.s. citizen then this will be three years you have to pay a couple of thousands of dollars for the processing of your application and that does not yet include the fees for an immigration lawyer although dual citizenship may come with a lot of perks it comes with a handful of disadvantages as well so it is best to consult with citizenship lawyers and professionals before you pursue dual nationality to determine if it is really the best move for you so friend if you like this video please subscribe my channel and hit a like button thank you